LiveOne, Inc. (NASDAQ:LVO - Get Free Report) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 2,480,000 shares, a drop of 30.3% from the May 15th total of 3,560,000 shares. Based on an average daily volume of 334,800 shares, the days-to-cover ratio is currently 7.4 days. Currently, 3.4% of the company's stock are sold short.
Institutional Trading of LiveOne
A number of institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Securities LLC bought a new position in LiveOne in the 4th quarter worth $26,000. Price T Rowe Associates Inc. MD grew its position in shares of LiveOne by 63.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 35,954 shares of the company's stock valued at $53,000 after purchasing an additional 13,900 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of LiveOne by 55.5% in the fourth quarter. Wells Fargo & Company MN now owns 38,201 shares of the company's stock worth $56,000 after purchasing an additional 13,629 shares during the period. Mariner LLC acquired a new position in shares of LiveOne during the 4th quarter worth about $62,000. Finally, Marshall Wace LLP bought a new stake in LiveOne during the 4th quarter valued at approximately $67,000. 21.25% of the stock is currently owned by institutional investors and hedge funds.
LiveOne Trading Up 8.4%
Shares of NASDAQ:LVO opened at $0.86 on Tuesday. LiveOne has a 1 year low of $0.55 and a 1 year high of $1.82. The firm has a fifty day moving average price of $0.75 and a 200 day moving average price of $0.91. The stock has a market capitalization of $83.02 million, a PE ratio of -6.65 and a beta of 1.64.
About LiveOne
(
Get Free Report)
LiveOne, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.
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